WHY CHOOSE ICASHLOANS ?
: When you need cash quickly you want to
work with a service that is reliable and experienced in the payday
loan industry - iCashLoans is both. We pride ourselves on connecting
our customers with the best payday lenders to meet their needs. Why
waste time visiting dozens of websites trying to figure out which
lender will serve you best? iCashLoans is the only site that you need
to visit when you’re looking for a fast, secure payday
loan.

Cash Loans: "We Search 100+ Lenders
Money in Your Account Next Day"

About Us:

Our services are designed to help you find a reputable
payday lender to work with. iCashLoans has a large number of lenders
in our network, and we are confident that we can assist you in
obtaining the best payday loan to meet your needs.
Everyone hits a rough patch financially at some point, and payday
loans are a great solution for short-term cash flow problems. You
don’t have to worry about how you are going to pay an unexpected bill,
or cover an emergency expense, between pay checks - iCashLoans is your
source for finding payday loans.
Using iCashLoans is 100% free to you - we do not charge any fees for
our services. When you use iCashLoans you will save time and money.
All you have to do is provide us with basic information and we will
instantly search our network of lenders to find you the loan that
meets your needs.
At iCashLoans we pride ourselves on working with lenders that are fair
and honest in their lending practices. Our main goal is to provide you
with a great experience when searching for a payday lender. All
lenders in our network are required by law to follow all of the rules
and regulations related to payday lending.
Don’t drive around town to visit payday loan shops, and forget about
looking at website after website trying to find a loan with fair
terms. iCashLoans is the only place you need to go to find a payday
loan. We will search our vast netowrk of lenders instantaneously to
find you the loan that you are looking for.

Some lenders in our network may
automatically roll over your existing loan for another two weeks if
you don't pay back the loan on time. Fees for renewing the loan range
from lender to lender. Most of the time these fees equal the fees you
paid to get the initial payday loan. We ask lenders in our network to
follow legal and ethical collection practices set by industry
associations and government agencies. Non-payment of a payday loan
might negatively effect your credit history.

Monday, October 14, 2013

One of the major concerns for payday loan borrowers is the fear of high interest rates and fees. While many people rely on these loan services to fund emergencies and/or cover recurrent bills, there appears to be a general anxiety about the cost of such services. This fear might be accentuated by the knowledge that while most of the income made from the interest on savings accounts or bonds is taxable, the interest accrued on a payday loan is not tax deductible.

A borrower might assume that the interest accrued on a paycheck advance can be written off at the end of the year, thus making the paycheck advance option more appealing. Yet, unlike other loan options, such as student loans and home loans, the interest paid on a payday advance cannot be deducted when itemizing your taxes. One stipulation exists, however, for payday advances obtained for business purposes.

A business owner can write off the interest accrued on a payday loan if the loan was explicitly and solely used for business purposes. A business owner needs to be aware, though, that he/she must be able to prove that the loan was used to fund the business. Considering that most businesses have established relationships with credit unions and banks already, seeking a loan from said institution might be a better option than relying on a payday advance, having to pay the interest, and then having to prove that the loan was used for business purposes when the IRS comes around for an audit.

This isn't to suggest that a payday loan is necessarily a bad option for individuals or a business when in a bind. Rather, it is to inform borrowers of the reality of their loan benefits prior to tax season and to offer possible alternatives to these types of advances.

The following is a list of tax-friendly options:

*Make interest instead of paying interest. As mentioned before, savings accounts, IRAs, and bonds can accrue substantial interest. Though this interest is taxable, it is also extra income that can come in handy in a sticky financial situation. Rather than idly waiting for an emergency that might lead one to a loan lender, try to invest money every month to prepare for unexpected expenses. In the meantime, you might even make a little extra cash!

*Research refinancing options for an existing loan to attain a little extra cash. Refinancing can save a person a great deal of money because it often involves a reduction in the loan's interest rate. Additionally, some loans can be borrowed against without penalty, meaning an individual can get cash without paying extra fees and interest. This isn't the case for all loans, of course, so consult your loan holder before making any financial loan decisions.

*Consider a credit card cash advance. Admittedly, a credit card advance has the potential to accrue as much, if not more, interest as a payday loan; however, if paid back before the next payment cycle, a borrower can avoid interest altogether. Unlike with a loan, wherein interest begins to accumulate immediately, with a credit card advances a borrower can avoid interest if they can pay off the advance promptly.

Prepare yourself for tax season by seeking the best possible options financial options. If you require quick cash, consider payday advance options, but be aware of the cost of interest.